BERLIN Oct 11 The mood among German analysts
and investors improved more than expected in October, a survey
showed on Tuesday, suggesting traders are more upbeat about the
growth prospects of Europe's biggest economy.
Mannheim-based ZEW said its monthly survey showed a rise in
its economic sentiment index to 6.2 points in October after an
unchanged reading of 0.5 points the previous month. This was
better than the Reuters consensus forecast for a reading of 4.3.
A separate gauge measuring investors' assessment of the
economy's current conditions jumped to 59.5 points from 55.1 in
September. This was also stronger than the Reuters consensus
forecast which predicted a reading of 55.5.
"The improved economic sentiment is a sign of a relatively
robust economic activity in Germany", ZEW President Achim
Wambach said in a statement.
"However, positive impulses from industry and exports should
not distract from existing political risks," Wambach added. "In
particular, the risks concerning the German banking sector are
currently a burden to the economic outlook."
The ZEW index was based on a survey of 213 analysts and
investors conducted between Sept. 26 and October 10.
(Reporting by Michael Nienaber; Editing by Joseph Nasr)